China’s market regulator conditionally approves Synopsys’ $35 billion acquisition of Ansys, allowing two major players in the EDA industry to merge. The deal faced intense antitrust scrutiny and received clearance in all jurisdictions except China. The companies expect to close the transaction by July 17, with shares of Synopsys and Ansys rising in early trading. Chinese regulator approved the deal based on commitments to supply EDA products to Chinese customers fairly and maintain interoperability agreements. Interoperability agreements ensure seamless system integration and information sharing, potentially boosting Synopsys’ competitive position against Cadence.

Read more at Yahoo Finance: China gives conditional nod to Synopsys-Ansys deal, removing last major hurdle